U.S. SEC Delays Approval of WisdomTree and VanEck Bitcoin (BTC) and Ethereum (ETH) Spot ETF In-Kind Redemptions

JH Kim

Summary

The U.S. Securities and Exchange Commission (SEC) announced that it has delayed the approval decision for WisdomTree and VanEck's Bitcoin (BTC) and Ethereum (ETH) spot ETFs.
This delay in decision could provide potential opportunities and uncertainties for investors.
With the SEC's decision delayed to June 3rd, there is a need to be cautious of the related market volatility.

On the 14th (local time), the U.S. Securities and Exchange Commission (SEC) announced that it has delayed the approval decision for the in-kind creations and redemptions method of the Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) submitted by WisdomTree and VanEck to June 3rd (local time), according to Crypto in America host Eleanor Terrett via X (formerly Twitter).

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

U.S. SEC Delays Approval of WisdomTree and VanEck Bitcoin (BTC) and Ethereum (ETH) Spot ETF In-Kind Redemptions

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